Economic development and industrial structure
by Carlo De Benedetti
International Journal of Technology Management (IJTM), Vol. 2, No. 1, 1987

Abstract: In the two centuries since the beginning of the Industrial Revolution a pattern of cycles of innovation has become apparent. The emerging trend is-not deindustrialization, but rather a third phase of industrialization. But dealing successfully with the present difficult stage of transition between old and new technologies will require structural adaptation in industry. The key is mobility: of the workforce, of financial resources, of merchandise, of technological advances, and of industry itself through new forms of collaboration and integration among companies outside of a purely local framework. An important agent for this change is the emergence of entrepreneurs and professional managers who see the problem of development in a wider, global context; but they must carry their message beyond the boundaries of industry to society at large.

Online publication date: Wed, 27-May-2009

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